Why is Gallantt Ispat L falling/rising?

As of 12-Sep, Gallantt Ispat Ltd. is experiencing a decline in its stock price, currently at Rs 690.60, which represents a decrease of Rs 20.5 or 2.88%. The stock has underperformed its sector by 2.85% today and has been on a consecutive downward trend for the last two days, with a total decline of 5.51%. It reached an intraday low of Rs 676.8, indicating significant selling pressure. Despite this recent downturn, the stock has shown strong performance over the longer term, with a year-to-date increase of 99.42% and a remarkable 985.00% rise over the past three years. The company has demonstrated a solid ability to service its debt and has reported healthy growth in net sales and operating profit, which may support its long-term value despite the current price drop.
In the broader market context, Gallantt Ispat's recent performance contrasts with the benchmark Sensex, which has gained 1.48% over the past week while the stock itself has increased by 7.86% in that same timeframe. However, over the past month, Gallantt Ispat has declined by 2.91%, while the Sensex has risen by 2.08%. This suggests that while the stock has had strong long-term returns, its recent performance has lagged behind the broader market, contributing to the current price decline. The falling investor participation, as indicated by a significant drop in delivery volume, may also reflect a lack of confidence among investors, further impacting the stock's price negatively.